[As adopted in Release No. 34-32231, April 28, 1993, 58 F.R. 26509]

                 U.S. Securities and Exchange Commission

                         Washington, D.C.  20549

                                Form 10-QSB

(Mark One)
       [X]   QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE
                     SECURITIES EXCHANGE ACT OF 1934 

      For the quarterly period ended:               September 30, 1997 
                
       [  ]   TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE
                                EXCHANGE ACT

     For the transition period from         to                          
         Commission file number            0-21991                          

                      ADVANCED GAMING TECHNOLOGY, INC.            
                 (Exact name of small business issuer as 
                       specified in its charter)

                       
              Wyoming                             98-0152226     
      (State or other jurisdiction              (IRS Employer
      of incorporation or organization)       Identification No.)

             2482 - 650 West Georgia Street, P.O. Box 11610, 
                  Vancouver, British Columbia V6B 4N9   
                (Address of principal executive offices)               

                              (604) 689-8841                          
                         Issuer's telephone number

                                                                                
                                                 
           (Former name, former address and former fiscal year,
                       if changed since last report.)

     Check whether the issuer  (1) filed all reports required to be filed by 
Section  13  or  15(d) of the Exchange Act during the past  12 months 
 (or for such  shorter period  that the registrant was required  to
 file such reports),  and  (2) has been subject to such filing requirements 
for the past  90 days.    Yes   X      No        


                APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
                   PROCEEDING DURING THE PRECEDING FIVE YEARS

     Check whether the registrant filed all documents and reports required to 
be filed by Section 12, 13 or 15(d) of the Exchange Act after the
distribution of securities under a plan confirmed by a court. Yes     No      

                     APPLICABLE ONLY TO CORPORATE ISSUERS

     State the number of shares outstanding of each of the issuer's classes of 
common equity, as of the latest practical date:  
October 31, 1997     85,767,895 

     Transitional Small Business Disclosure Format (check one).
Yes      ;  No   x  


                       PART I - FINANCIAL INFORMATION

Item 1.  Financial Statements

     The unaudited condensed consolidated financial statements presented 
herein have been prepared by the Company in accordance with the instructions 
to Form 10-QSB and do not include all of the information and note disclosures 
required by generally accepted accounting principles.  These condensed 
consolidated financial statements should be read in conjunction with the 
consolidated financial statements and notes thereto included in the Company's 
Form 10-KSB for the year ended December 31, 1996.  The accompanying financial 
statements have not been examined by independent accountants in accordance 
with generally accepted auditing standards, but in the opinion of management 
such financial statements include all adjustments (consisting only of normal 
recurring adjustments) necessary to present fairly the Company's financial 
position and results of operations.  The results of operations for the three 
and nine months ended September 30, 1997 may not be indicative of the results 
that may be expected for the year ending December 31, 1997.























                       Advanced Gaming Technology, Inc.
                      CONDENSED CONSOLIDATED BALANCE SHEETS
                                 (Unaudited)
                                                                                
                                       September 30,            December 31,
ASSETS:                                    1997                     1996 
Current Assets
  Cash and cash equivalents           $         -           $       76,615
  Accounts receivable, net                 459,112                  56,492
  Prepaid expenses                         390,874                 129,969
  Deferred charges                         649,423                       -
  Inventory                                196,608                  43,000
  Notes receivable                          52,525                 129,426
     Total current assets                1,748,542                 435,502

Notes Receivable                         1,245,991               1,099,300

Property and Equipment                   3,562,147               2,553,293
  Less: accumulated depreciation          (980,538)               (583,412)
                                         2,581,609               1,969,881

Intangible and other assets              5,609,347               5,940,882
     Total assets                     $ 11,185,489            $  9,445,565

LIABILITIES AND STOCKHOLDERS' DEFICIT:
Current liabilities
  Accounts payable and
  accrued liabilities                $   3,387,492            $  3,823,853
  Bank loan                                      -                 354,100
  Convertible notes                      4,062,302               3,292,715
  Deferred revenue                         390,000                 765,380
  Current portion of long term debt      1,696,460               2,459,528
     Total current liabilities           9,536,254              10,695,576

Long term obligations,
 net of current portion                  1,987,268               1,911,864
     Total liabilities                  11,523,522              12,607,440

Stockholders' Deficit:
   Preferred Stock-10% cumulative,
   $.10  par value; authorized
   4,000,000 shares; issued - nil                -                       -

  Common Stock - $.005 par value;
  authorized 150,000,000 shares;
  issued and outstanding 80,769,776
  in 1997 and 42,248,368 in 1996           403,849                 211,242
  Additional paid-in capital            27,726,698              20,000,471
  Accumulated deficit                  (28,468,580)            (23,373,588)
     Total stockholders' deficit          (338,033)             (3,161,875)
     Total Liabilities and 
       Stockholders' Deficit          $ 11,185,489            $  9,445,565

  The accompanying notes are an integral part of the condensed consolidated 
                            financial statements.


                       Advanced Gaming Technology, Inc.
               CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                                  (Unaudited)




                          For the Three Months         For the Nine Months   
                          Ended September 30,          Ended September 30,  
                         1997            1996          1997             1996
 
Revenues              $ 304,662      $ 220,442    $1,027,864       $ 586,140
Cost of revenues        169,353         55,577       409,827         198,172
Gross margin            135,309        164,865       618,037         387,968

Expenses
 Research and 
 development            389,487        372,464       918,370       1,092,990
 General and 
 administrative       1,060,231        673,239     3,162,380       1,652,008
                      1,449,718      1,045,703     4,080,750       2,744,998

Loss from operations  1,314,409        880,838     3,462,713       2,357,030

Other income
 (expense),net         (563,542)      (643,600)   (1,632,282)     (1,160,629)

Net Loss             $1,877,951     $1,524,438    $5,094,995      $3,517,659
     
Net loss per
 common share        $     (.03)    $     (.04)   $     (.09)     $     (.10)

Weighted average 
 common shares 
 outstanding         57,368,781     34,579,285    57,368,781      34,579,285















   The accompanying notes are an integral part of the condensed consolidated 
                            financial statements.


                      Advanced Gaming Technology, Inc.
               CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                 (Unaudited)     
                                          
                                                        For the Nine Months
                                                        Ended September  30,    
                                                        1997             1996  
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Loss                                       $  (5,094,995)     $(3,517,659)
Adjustments to Reconcile Net Loss to Net Cash
 Provided by (Used in) Operating Activities: 
     Depreciation and amortization                   658,399          378,096
     Deferred revenues                              (310,000)               -
     Issuance of common stock for expenses           526,808                -
     Loss on sale of assets and allowance for loss    89,330          525,613
     Change in operating assets and liabilities:
       Accounts receivable                          (402,620)        (118,172)
       Prepaid expenses                             (260,905)        (  9,915)
       Deferred charges                             (649,423)               -
       Inventory                                    (153,608)         (23,785)
       Notes receivable                              (69,790)               -
       Accounts payable and accrued liabilities     (507,385)        (594,335)
Net cash used in operating activities             (6,174,189)      (3,360,157)

Cash Flows From Investing Activities:
Other assets                                         (86,568)        (215,303)
Purchase of property and equipment                (1,008,854)      (2,208,508)
Deferred development costs                                 -         (150,527)
Proceeds from sale of assets                          67,500                -
Net Cash Used In Investing Activities             (1,027,922)      (2,574,338)

Cash Flows From Financing Activities:
Proceeds from issuance of common stock             2,099,308        1,700,000
Proceeds from debt and notes                       6,891,578        4,240,000
Repayment of debt and notes                       (1,511,290)        (757,690)
Advances from joint venture partner                        -          755,757
Bank loan                                           (354,100)               -
Net cash provided by financing activities          7,125,496        5,938,067
Net change in cash and cash equivalents              (76,615)           3,572
Cash and cash equivalents at beginning of period      76,615           17,739
Cash and cash equivalents at end of period       $         -      $    21,311

Supplemental Disclosure of Cash Flow Information:
  Cash paid during the period for interest       $   340,627      $   113,652
Supplemental Disclosure of Non-Cash Investing and Financing Activities:
Conversion of notes to common stock              $ 4,672,662      $         -



  The accompanying notes are an integral part of the condensed consolidated 
                             financial statements.


                      Advanced Gaming Technology, Inc.
             NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
             FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1997 AND 1996
                                (Unaudited)


1.     Interim Reporting 

     The accompanying unaudited condensed consolidated financial statements 
have been prepared in accordance with generally accepted accounting principles 
and Form 10-QSB requirements.  Accordingly, they do not include all of the 
information and footnotes required by generally accepted accounting principles 
for complete financial statements.  In the opinion of management, all 
adjustments considered necessary for a fair presentation have been included.  
Operating results for the three and nine month periods ended September 30, 
1997, are not necessarily indicative of the results that may be expected for 
the year ended December 31, 1997.  For further information, refer to the 
financial statements and footnotes thereto included in the Company's annual 
report on Form 10-KSB for the year ended December 31, 1996.

2.Bank Loan

     The bank loan was repaid during the first quarter of 1997.  The Company 
has not attained any additional bank loans.


Item 2.  Management's Discussion and Analysis or Plan of Operation.

General -     This discussion should be read in conjunction with Management's 
Discussion and Analysis of Financial Condition and Results of Operations in 
the Company's annual report on Form 10-KSB for the year ended December 31, 
1996.

     The Company's shares of capital stock are registered under Section 12 of 
the Securities Exchange Act of 1934.  The Company became a reporting issuer in 
March 1997.   This quarterly report on  Form 10-QSB and the information 
incorporated by reference herein contain forward-looking statements within the 
meaning of Section 27A of the Securities Act of 1933, as amended, and Section 
21E of the Securities Exchange Act of 1934, as amended.  Such statements 
include, but are not limited to, projected sales, gross margin and net income 
figures, the availability of capital resources, plans concerning products and 
market acceptance.

     Forward-looking statements are inherently subject to risks and 
uncertainties, many of which cannot be predicted with accuracy and some of 
which may not even be anticipated.  Future events and actual results, 
financial and otherwise, could differ materially from those set forth in or 
contemplated by the forward-looking statements herein and any forward looking 
statements should be considered accordingly.

     In July 1997, the Company introduced version 3.0 of its MAXLITE(TM) 
hand-held electronic bingo unit.  The updated software was tested and approved 
in Mississippi and is now being used in all new MAXLITE(TM) installations.  
Version 3.0 has been trouble free and has been well received by bingo halls 
and customers.

     During the second quarter the Company made the necessary arrangements to 
relocate the U.S. operations from Phoenix to Denver.  On August 11, 1997 the 
company opened its new 20,000 square foot facility.  This new facility will be 
the hub of all U.S. operations, including sales and marketing, distribution, 
training, support and research and development.  The Operations department is 
now fully staffed and trained to handle the projected new orders for the 
remainder of the year.  The Company will raise operational efficiencies as 
both the Operations and Sales departments are now located in a more central 
location.

     On November 4, 1997 the Company received an order for 100 MAXLITE(TM) 
handset units and 80 MAXPLUS(TM)/TurboMAX(TM) units.  Once these units are 
installed and in operation, the Company projects that they will generate gross 
revenues to the Company of $275,000 per year.  When all the current back-log 
of orders now being installed are operational, the Company will have in excess 
of 1,600 MAX Bingo System units in the market.

     The Company has recently completed an in-depth analysis of the utility of 
its products in each customer hall.  This comprehensive exercise has resulted 
in the Company adopting and introducing a program whereby the Company will 
work with the customers to increase the demand for the MAX line of products.

     Recently, MAX Bingo Systems has enjoyed wide media coverage having been 
featured in some of the most recognized trade journals in the Bingo industry, 
including September's issue of Indian Gaming Magazine; October's issue of 
Bingo Manager and the fall issue of Market Pulse Journal.  This type of media 
coverage increases the consumer awareness of the MAX Bingo Systems, which in 
turn assists the Company's sales team.

     On November 4, 1997 the Company reached an agreement with Bingo 
Technologies Corporation of Nevada, whereby Bingo Technologies Corporation 
will distribute in certain bingo halls the MAXPLUS(TM) fixed base system and 
TurboMAX(TM), the Company's speed game.  Bingo Technologies Corporation is a 
private company engaged in production and distribution of its own hand-held 
electronic bingo unit, a field in which it is one of the industry leaders.  
This arrangement allows the MAX Bingo Systems line of products to be more 
expeditiously placed in the industry


Results of Operations -

1997 Compared to 1996

     For the nine months ended September 30, 1997 the net loss from operations 
was $5,095,000 in 1997 compared to $3,518,000 in 1996 and the three months 
ended September 30, resulted in a loss of $1,878,000 in 1997 compared to 
$1,524,000 in 1996.  Revenues from operations increased 75% from 1996.  The 
increase is primarily the result of $310,000 in income from joint venture 
projects  and a 22% increase in product sales.

     Cost of sales as a percentage of product sales remained relatively 
constant at approximately 57% for the past three quarters compared to 
approximately 34% for the nine months ending September 30, 1996.  The increase 
in cost of sales over the prior year is due primarily to the mix of products 
currently on lease.  The general and administrative expenses increased by 
approximately $1,510,000 due to among other things the relocation of 
operations from Phoenix to Denver as well as the addition of sales, 
operational and administrative personnel in anticipation of increases in 
product sales.  Research and development expenses decreased primarily as a 
result of the efforts of the Company with regards to the development of Sonic 
Bingo, and enhancements to PARTI-MAX which are nearing completion.

Liquidity and Capital Resources -

     The Company requires working capital principally to fund its current 
operations, expand its operations and research.  From time to time in the past 
the Company has relied on short-term borrowing and the issuance of restricted 
common stock to fund its operations.  There are no formal commitments from 
banks or other lending sources for lines of credit or similar short-term 
borrowing, but the Company has been able to borrow any additional working 
capital that has been required.  It is anticipated that current operations 
will expand and the funds generated will exceed the Company's working capital 
requirements and that it will no longer seek funding to cover current 
operations.  However, based on the Company's projections of expansion of the 
current markets and the addition of new markets, the Company will require 
funding to finance the capital costs of equipment for the projected 
installations.  Various alternatives are currently being examined to secure 
funding on a non-dilutive basis including leasing and floor financing.

     The Company does intend to intensify its search for new products or 
technologies in development as well as those currently being marketed, 
including complete operating businesses.  In its acquisition program, the 
Company focuses on opportunities that have demonstrated long-term growth 
potential, strong marketing presence, and the basis for continuing 
profitability.  Where the Company believes it is warranted, it may commit its 
current liquid resources, leverage its current operations and assets through 
additional borrowings, dispose of one or more of its current activities, seek 
additional debt or equity financing, or enter into other transactions to fund 
a desired acquisition or expansion.

     The Company is exploring potential acquisitions, but has not to date 
reached any commitment, there can be no assurance that the Company will be 
able to identify an acquisition candidate that will meet its criteria, that 
the Company would be able to employ its existing resources advantageously to 
fund such an acquisition, that any required debt or equity financing could be 
obtained through alternative sources, or that any acquisition will in fact be 
completed.

     In an effort to eliminate recent volatility in the activity of its common 
stock, the Company is negotiating a possible modification of the conversion 
rights of certain convertible notes.  The negotiations between the Company and 
the subscribers are at an advanced stage, however no agreement has been 
consummated.

Inflation and Regulation -

     The Company's operations have not been, and in the near term are not 
expected to be, materially affected by inflation or changing prices.  The 
Company encounters competition from a variety of firms offering similar 
products in its market area.  Many of these firms have long standing customer 
relationships and are well staffed and well financed.  The Company believes 
that competition in the industry is based on competitive pricing, although the 
ability, reputation and technical support of a concern is also significant.  
The Company does not believe that any recently enacted or presently pending 
proposed legislation will have a material adverse effect on its results of 
operations.<PAGE>PART II - OTHER INFORMATION


Item 1.  Legal Proceedings

     None.

Item 2.  Changes in Securities

     None.

Item 3.  Defaults Upon Senior Securities

     None.

Item 4.  Submission of Matters to a Vote of Security Holders.

At the annual general meeting held September 17, 1997 in Vancouver, B.C., 
Canada the stockholders voted to approve the election of the Directors to 
serve until the 1998 annual meeting, to effect a reverse stock split in which 
one new share of common stock would be exchanged for a number of shares to be 
determined by the Board of Directors (not more than four shares) and ratified 
the selection of Robison, Hill & Co. to audit the Company's books and records 
for the fiscal year ending December 31, 1997.

Item 5.  Other Information

     None.

Item 6.  Exhibits and Reports on Form 8-K

     The Company filed two reports on Form 8-K during the three months ended 
September 30, 1997.

1.Item reported: Item 9 sales of equity securities pursuant to regulation S
     Date of report: July 31, 1997

2.Item reported: Item 9 sales of equity securities pursuant to regulation S
     Date of report: August 26, 1997

<PAGE>

                              SIGNATURES

     In accordance with the requirements of the Exchange Act, the registrant 
caused this report to be signed on its behalf by the undersigned, 
thereunto duly authorized.


                   ADVANCED GAMING TECHNOLOGY, INC.
                            (Registrant)
                   
                         



DATE:      November 14, 1997                 By:   /s/                          
          
                                             Firoz Lakhani
                                             President, Chief Operating 
                                             Officer and Director

DATE:      November 14, 1997                 By:   /s/   
                                             Donald Robert Mackay
                                             Principal Financial and
                                             Accounting Officer